Ripple, Robinhood, Coinbase, Circle, Kraken, and Ondo Finance Donate $12M to Trump's Inauguration Amid Regulatory Hopes

Jan 12, 2025, 01:32 PM

Major cryptocurrency firms have donated a total of $12 million to Donald Trump's inauguration fund, signaling a strong industry push for a more favorable regulatory environment under his administration. Ripple contributed $5 million, Robinhood donated $2 million, and Coinbase, Circle, Kraken, and Ondo Finance each gave $1 million. These donations come amidst a surge in cryptocurrency prices, driven by expectations of a pro-crypto policy shift. The industry's engagement with Trump's inauguration reflects a strategic move to influence regulatory changes, particularly in light of past tensions with the Securities and Exchange Commission (SEC).